Growing Demand for Cryptocurrency Mining and “printing money”

Cryptocurrency mining continues to attract new miners as the value of cryptocurrency rises and the opportunity to “print your own money” takes hold.

GPU mining rigs are built and operated specifically for mining or it could be a computer that fills other needs such as a gaming system and is used to mine only on a part-time basis. GPU mining is certainly proving very popular as GPU manufacturers report on ever increasing demand for graphics cards.

According to Jensen Huang, founder and chief executive officer of Nvidia, they achieve yet another record quarter as strong demand for cryptocurrency mining exceeded all expectations. “In a powerful sign of our progress, attendees at Nvidia’s GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.”

The IoT market is rapidly expanding and the need for cybersecurity is following suit. As mentioned by Jensen Huang from NVidia, software developers are developing Artificial Intelligence, driverless-cars and more, all requiring encryption or face the daunting possibility of hacking or intrusion. EOT is a cryptocurrency developed for the Encryption of IoT devices or things connected to the internet. Learn more about mining altcoin, EOT here